Swiss Re Corporate Solutions and The Hartford entered into a strategic agreement that expands The Hartford's network of global partners, giving the company's multinational customers broader access to insurance coverage around the world, the market announcement said.

New collaboration builds on The Hartford's existing multinational capabilities with expanded network and complements The Hartford's Global Insurer Network with selected Swiss Re local capabilities as Swiss Re's PULSE & Network offers insurers a solution to service their international customers using the Swiss Re Corporate Solutions network of over 150 countries. As a result, corporate customers of The Hartford will benefit from high policy accuracy, contract certainty and fast processes where they choose to use this form.

"We are thrilled to partner with The Hartford who joins a growing number of commercial insurers embracing our technology and network to effectively manage their customers' global insurance risks. The collaboration with The Hartford is the first in the US and marks another milestone on our journey to advance the insurance industry towards a simplified and open market standard," said Andreas BERGER, CEO Swiss Re Corporate Solutions.

"The new partnership complements The Hartford's Global Insurer Network, which provides insurance solutions globally through local and regional insurance partners and is supported by an award-winning technology platform", said Sara GIBBS, Head of The Hartford's Global Insurer Network.